SEOUL, SOUTH KOREA: Samsung Electronics Co., Ltd. today announced its capital expenditure plan of approximately KRW 53.7 trillion for the period from January 1, 2023 to December 31, 2023, a document suggests.

The company plans to invest in its key businesses, including memory, foundry, and display, to increase competitiveness and address future demand.

The investment will be used to expand capacity, develop new technologies, and improve manufacturing efficiency.

In particular, Samsung Electronics plans to invest KRW 47.5 trillion in its Device Solutions division, which includes memory and foundry businesses. The company will invest in memory and foundry infrastructure as well as R&D to address future demand. Samsung Electronics will also expand capacity and migrate to advanced processes to increase production capacity of advanced processes.

Samsung Display Corp (SDC), which is a subsidiary of Samsung Electronics, plans to invest KRW 3.1 trillion in mobile OLED infrastructure and capacity expansion.

Samsung Electronics expects the investment to strengthen its business capabilities and solidify its technology leadership, primarily in the component business.

The company’s capital expenditure plan is the largest in its history. It reflects Samsung Electronics’ commitment to investing in its key businesses to ensure long-term growth and profitability.